The market now loves Jay Powell
Cheslock added that some of Powell's remarks about the market not being in a bubble were reassuring as well. Eventually, the FOMC determined that a December interest rate hike was appropriate.

Seattle expected to land National Hockey League franchise
The Penguins have four players with NMCs under contract in 2021 - Sidney Crosby , Evgeni Malkin , Phil Kessel , and Kris Letang . But for those in Seattle it's been an excruciating process full of stops and starts, and several failed arena projects.

Urban Meyer to retire as Ohio State’s head coach
His 186 wins are the most through 17 seasons in major college football history and his winning percentage (.853) is the highest. There was Iowa in 2017 and Purdue and Maryland this year, sloppy performances that cost Ohio State playoff bids.

Trump's China vehicle tariffs claim sows confusion
President Donald Trump announced that China agreed to reduce and remove tariffs on imported cars on Sunday. Mnuchin also stressed the USA expects immediate action from China on its trade commitments.

Trump agrees to pause U.S. trade war with China
The declaration said the multilateral trading system is now falling short of its objectives and there is room for improvement. Traveling back to the US from the G-20 summit in Argentina, Trump told reporters he had struck an "incredible deal".

USA becomes net oil exporter as imports hit record low

"Countries participating in the agreement will have to cut their combined output by at least 1 million bpd from the October 2018 level in order to have a meaningful bullish effect on oil prices".

Oil was down $59.48 a barrel on Thursday, after a planned Opec press conference on the group's deal failed to materialise.

A cut from between 1 million to 1.4 million barrels per day is being expected by oil market watchers ahead of the meeting in Vienna, Austria, today.

He further added that the Saudi's are comfortable with the current oil price but confirmed that there had been no decision on an output cut yet.

U.S. President Donald Trump continues to call on OPEC to keep oil prices low, because "The World does not want to see, or need, higher oil prices!". It is expected to show a 1.3 million barrel decline.

Oil prices fell 1 percent on Wednesday, weighed down by swelling U.S. inventories and a plunge in global stock markets as China's government warned of increasing economic headwinds.

S&P Global Platts reports that Nigeria and Libya would be asked to accept a production cut quota if OPEC can reach a new supply accord at the meeting holding in Vienna on Thursday.

Khashoggi, a prominent critic of the polices of Saudi crown prince Mohammed bin Salman, was killed in the Saudi consulate in Istanbul on 2 October. That would include production for both OPEC countries as well as non-OPEC countries, like Russian Federation, which have in recent years been co-ordinating their production limits with the cartel, he said.

The EIA said the US has been a net oil importer in weekly data going back to 1991 and monthly data starting in 1973.

Otherwise, he added, the U.S. official has adopted an unprofessional, naïve, and meddlesome approach.

"In the first place we are focusing on the industry's objective index", he said.

Saudi Arabia has indicated it wants the Organization of the Petroleum Exporting Countries and its allies to cut output by at least 1.3 million barrels per day, or 1.3 percent of global production. Meanwhile, Qatar, a Saudi rival and Iranian ally, said this week it would leave OPEC in January. A cut of a million barrels would be the minimum to support the market, and anything less could see the price of oil fall another $10 a barrel, according to Wilson.

"I'm hopeful that everyone in and even outside the organisation will be supportive to whatever requirements we need to do to balance the market", he said. "OPEC and Russian Federation will be very careful about voluntary "blood letting".

The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to the Bakken in North Dakota to the Marcellus in Pennsylvania.

Saudi Arabia, OPEC's de facto leader, has made clear that it won't shoulder the burden of trimming production alone.